Business Savings Account Interest Rates
For amounts greater than £5 million the AER, Gross and Net interest rates are 0%
*AER stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year
**Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law
| Effective from (for amounts equal to or less than £5 million) | *AER (Variable) | **Gross |
|---|---|---|
| 16th October, 2025 onwards | 1.85% | 1.83% |
| 16th July, 2025 to 15th October, 2025 | 2.10% | 2.08% |
| 18th April, 2025 to 15th July 2025 | 2.35% | 2.33% |
| 19th Jan, 2025 to 17th April 2025 | 2.60% | 2.57% |
| 31st August, 2023 to 18th Jan, 2025 | 2.85% | 2.82% |
| 11th May, 2023 to 21st June 2023 | 2.35% | 2.33% |
| 03rd February, 2023 to 10th May 2023 | 2.10% | 2.08% |
| 15th December,2022 to 2nd February, 2023 | 1.60% | 1.59% |
| 5th Octomber, 2022 to 14th December 2022 | 1.10% | 1.09% |
| 7th July, 2022 to 4th October 2022 | 0.60% | 0.60% |
| 20th July, 2021 to 6th July 2022 | 0.20% | 0.20% |
| 15th March, 2021 onwards to 19th July, 2021 | 0.30% | 0.30% |
| 20th September, 2020 onwards to 14th March, 2021 | 0.50% | 0.50% |
| July 17, 2017 to 19th September, 2020 | 0.75% | 0.75% |
| June 06, 2016 to July 16, 2017 | 1.00% | 1.00% |